When communicating with the audit committee and management,

[jlbond23]

Question 1

The auditor is responsible for communicating significant internal control deficiencies to the audit committee, or those charged with governance. This communication
◦ may be oral or written.
◦ must be oral.
◦ must be written.
◦ must be oral via direct communication.

Question 2

When communicating with the audit committee and management,
◦ only material fraud and illegal acts are required by auditing standards to be communicated.
◦ all internal control deficiencies are required by auditing standards to be communicated.
◦ the communications should be made in a timely manner to allow those charged with governance to take appropriate actions.
◦ all communications with the audit committee and management must be in writing.

[bball_babe_123]

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Only 39% of students answer this correctly

[jlbond23]

YES! Correct, THANKS for helping me on my review

[olderstudent]

Thanks for the timely response, appreciate it